Dec, 31, 2020 — BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BIG SPRING, TX with 2 branch locations and about $57.97 million in total assets. Opened 66 years ago in 1955, BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION has about 4,532 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 1110 BIG SPRING, TX 79721 |
| Phone: | (432) 263-8393 |
| Fax: | (432) 263-4817 |
| Website: | http://www.bstcu.com |
| Branches: | 2 branch locations |
| Members: | 4,532 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10577 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $57,968,288 |
| CEO/Manager: | Ashley Fowlkes |
| Chairperson: | LINDA CONWAY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 31,807,657 |
| TOTAL INVESTMENTS | 5,810,005 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,393,153 |
| Other Loans | 16,821,854 |
| TOTAL LOANS | 19,215,007 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -559,180 |
| Land And Building | 851,144 |
| Other Fixed Assets | 132,942 |
| NCUSIF Deposit | 439,516 |
| All Other Assets | 271,197 |
| TOTAL ASSETS | 57,968,288 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 17,893 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 342,170 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,406,586 |
| Regular shares | 18,244,924 |
| All Other Shares & Deposits | 20,254,844 |
| TOTAL SHARES & DEPOSITS | 49,906,354 |
| TOTAL LIABILITIES | 50,266,417 |
| Regular Reserve | 739,318 |
| Other Reserves | 0 |
| Undivided Earnings | 6,962,553 |
| TOTAL EQUITY | 7,701,871 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 57,968,288 |
| INCOME & EXPENSE | |
| Loan Income | 1,541,482 |
| Investment Income | 406,916 |
| Other Income | 452,465 |
| Total Employee Compensation & Benefits | 828,557 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 763,169 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 320,200 |
| Cost of Funds | 87,055 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 401,882 |
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